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Matthew T
iD Mobile Employee
iD Mobile Employee
December 30, 2024
Blog

The iD Mobile Guide to Saving Money in 2025.

  • December 30, 2024
  • 208 replies
  • 19509 views
How to save money in 2025.

2025. The start of a brand-new year, and the time when we set resolutions and make goals. Saving money is a top resolution for lots of us, and with good reason - who doesn’t want to keep more cash?

Whether you’re saving up for a big purchase, clearing debts, or just trying to stretch your pay packet further, 2025 is a great year to get serious about saving. To help you on your way, we’ve rounded up five easy tips that can make a real difference to your bank balance.

 

1. Take some time to budget.

 

 

If you don’t already have a budget, now’s the time to create one. It might sound like a boring task, but trust us - it’s the key to successful saving. A budget gives you a clear picture of where your money’s going and helps you identify areas where you can cut back. Here’s how to get started:

  1. List your income.
  2. Track your expenses, from essentials like rent and groceries to all those coffee runs.
  3. Subtract your expenses from your income to see what’s left.

Once you’ve laid it all out, you’ll quickly see where you can make changes. Are those streaming subscriptions piling up? Could you batch-cook instead of ordering cheeky takeaways? A great tool to use is the Money Saving Expert Budget Planner. It’s free and really easy to use.

2. Switch and save on utilities.

 

 

Gas and electricity prices made headlines last year. And for lots of us, they’re still a bit of a headache. The good news? Switching providers can save you a chunk of cash. Services like Octopus Energy offer competitive rates, plus you can often snag referral discounts. Here’s a link to get you started.

Now let’s talk about your internet. Did you know you could save on broadband too? iD Mobile offers Unlimited Data SIM Only deals starting from just £15 a month, and if you pair it with a mobile router from Currys, you could have a budget-friendly Wi-Fi solution. Better yet, pop into your nearest Currys store - they can help you switch broadband providers to find the best deal.

 

3. Switch to iD Mobile.

 

 

We know most of you are already part of the iD family, but if you’re not… what are you waiting for? By seeing the light and switching to iD Mobile, you can save an average of £240 a year compared to major networks. Prefer a SIM Only Deal ? iD Mobile customers save an average of £15 a month compared to other providers. That’s £180 a year!

Already an iD customer? Take a look at your current plan - you might find that you’re eligible for an upgrade or plan change that saves you even more.

4. Get paid to switch banks.

 

 

Switching banks might sound like a hassle, but it’s never been easier. And some banks will even pay you to move your account. That’s right - free money just for making the switch!

Check out the latest offers on the Money Saving Expert Bank Account Comparison. Quite a few banks offer bonuses of £100 or more, and some throw in extras like cashback on bills or free overdrafts.

 

Bonus tip: Before switching, make sure you’ve got any Direct Debits or regular payments noted down so you can check they’ve all transferred correctly.

 

5. Get smart with shopping deals.

 

 

Whether you’re shopping for groceries, gadgets, or gifts, there are loads of ways to save. Here are three fantastic tools that are worth checking out:

  • Hotukdeals: Find the best sales and discounts on anything from tech to travel.
  • TopCashback: Earn cashback on your purchases from a huge range of retailers.
  • Honey: Automatically find and apply discount codes while you shop online.

The trick here is to avoid impulse buying just because something’s on sale. Make a shopping list, stick to it, and use these tools to save on what you genuinely need.

Wrapping up…

 

 

Saving money in 2025 doesn’t have to be difficult or time-consuming. It’s all about making small, smart changes that add up over time. From budgeting and switching utilities to making the most of cashback sites, there are plenty of ways to make your bank account feel better.

Now it’s your turn. What are your best tips for saving money?

Share them with the community in the comments below - your advice might just win you a Hive Smart Thermostat & Hub!

Entries close on 20th January 2025 at 23:59. The winners will be chosen at random and announced shortly after, so keep an eye on your inbox or DMs for a message from us.

    This topic has been closed for replies.

    208 replies

    Larsonsmum
    Active Contributor
    Active Contributor
    January 7, 2025

    We heat our kitchen 2 hours for getting up for breakfast, so I do my cooking in the early morning while it is cosy. Throughout the day we only heat one room, the lounge. At meal time I pop to the freezing cold kitchen for 5/10 minutes and heat up our food, rather than requiring heating on again at 6pm to cook. 

    New Contributor
    January 7, 2025

    Don't let the fact that you can't save large amounts put you off, every little helps!

    Use a 'round up' function, if your bank has one. They round up your spending to the nearest pound, sending the spare change to a savings account. E.g. if you spend £2.30, it'll be rounded up to £3 and 70p will be sent to your savings account.

     

    Active Contributor
    January 7, 2025

    Automate as much as possible - work out what needs to go where and then automate everything so that your salary comes in and is sorted for you (newer banks like Monzo are excellent for this). A certain amount goes towards savings, a certain amount towards fixed costs (rent, mortgage, bills, food), a certain amount towards specific goals like holidays etc. This takes the thinking out of it each month and lets it take care of itself. 

    SueJ
    New Contributor
    New Contributor
    January 7, 2025

    Only buy what you need, look at how to use all of your food items to make better use of what you have and therefore waste less and, saves buying additional food. It will also help you become more adaptable with meals AND feel good about spending less whilst using items you already have.

    Active Contributor
    January 7, 2025

    If your property has solar panels, try to use the high energy using appliances when there is daylight, e.g hoover, electric oven/hob, washing machine etc. 

    Emma Pearce
    Active Contributor
    Active Contributor
    January 7, 2025

    Take the time to understand what you spend, and create a budget accordingly. The hard part - stick to the budget as best you can. Then review this if something isn’t working.

    New Contributor
    January 7, 2025

    Always rob the bank for more than you need! 

     

    🤘 

    Alice Parramore
    New Contributor
    New Contributor
    January 7, 2025

    It’s not really how to save but I find that if I move any leftover money from my salary into a different bank account/savings pot each month then that builds up

    New Contributor
    January 7, 2025

    With the cold winter months ahead, rather than use a Tumble Dryer, invest in a dehumidifier.
    Put this in a room, hang your clothes on a drying rack, shut the door and leave overnight. 
    Your clothes will be dry in the morning and its a fraction of the cost compared to running the dryer.  
    It also leaves your radiator free to heat your house efficiently. 

    You can pick up a decent dehumidifier for around £100. Yes, this is an upfront cost, but over the years you will most certainly get that back and more. 
     

    Nigel Davis
    New Contributor
    New Contributor
    January 7, 2025

    I take all my advice from ID. The best people to turn to for saving money